US: Weekly initial claims was 237,000, a decrease of 8,000 from the previous week

In the week ending June 10, the advance figure for seasonally adjusted initial claims was 237,000, a decrease of 8,000 from the previous week's unrevised level of 245,000, said the US Department of Labor on Thursday. 

Key highlights:

• The 4-week moving average was 243,000, an increase of 1,000 from the previous week's unrevised average of 242,000
• The advance seasonally adjusted insured unemployment rate was 1.4 percent for the week ending June 3, unchanged from the previous week's unrevised rate
• The advance number for seasonally adjusted insured unemployment during the week ending June 3 was 1,935,000, an increase of 6,000 from the previous week's revised level
• The previous week's level was revised up 12,000 from 1,917,000 to 1,929,000
• The 4-week moving average was 1,926,750, an increase of 9,000 from the previous week's revised average. The previous week's average was revised up by 3,000 from 1,914,750 to 1,917,750